The lower decline at Kairos enters the reserves at a depth of approximately 9150mRL. From the 18th February 2019 exploration results, hole PP1523 is at an approximate depth of 9175mRL. It returned an interval of 16m @ 71.6g/t Au + 8.5% Pb/Zn including 8m @ 142g/t Au. I would imagine when this ore is mined our production will leap for that quarter, and being so close to the decline maybe that has happened in the last quarter or is happening now. The same leap in production will happen when we get to level 9250mRL. At this approximate level hole PP1532 returned 14m @ 42.9g/t Au + 13.4% Pb/Zn and hole PP1528 struck 23m @ 27.1g/t Au and 33.2% Pb/Zn. Production of Au, reduced AISC and money in the bank should all accelerate markedly when these intervals are under production. I fully expect this quarterly and/or the next should see the first of these fantastic intervals (PP1523) reflected in the production outcomes for Kairos.
AMI Price at posting:
38.5¢ Sentiment: Hold Disclosure: Held
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